10163 US Highway 27 N
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10163 US Highway 27 N
12,480 SF Retail Building Butler, KY 41006 $3,448,755 CAD ($276 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Rare 5% Rent Increases Every 5 Years
- Average Daily Traffic: 7,800+ Vehicles Per Day
- Corporate Guarantee | Investment Grade "BBB" Rating
- Brand New 15 Year NNN Lease | Five (5 Year) Options
- 10 Mile Population Exceeds 25,000
- Brand New Absolute NNN Lease | Zero Landlord Responsibilities
Executive Summary
Fortis Net Lease is pleased to present this 12,480 SF Dollar General Market store located in Butler, KY. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (5) Yr. Options to renew, each with 5% rental rate increases every 5 years and for each option. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.
This Dollar General Market is highly visible and is strategically positioned in Butler, KY. The ten-mile population from the site exceeds 25,000 while the three-mile average household income exceeds $77,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
This Dollar General Market is highly visible and is strategically positioned in Butler, KY. The ten-mile population from the site exceeds 25,000 while the three-mile average household income exceeds $77,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
C
Year Built
2024
Price
$3,448,755 CAD
Price Per SF
$276 CAD
Cap Rate
6.75%
NOI
$232,791 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.84 AC
Frontage
245 ft on US Hwy 27 N
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 038-00-00-014.02 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,331,146 CAD |
PROPERTY TAXES
Parcel Number
038-00-00-014.02
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,331,146 CAD
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10163 US Highway 27 N
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